Halogen-Free Flame Retardant Market Share

Increasing use of plastic in the automotive industry is driving market growth.

Market CAGR for halogen-free flame retardants is being driven by the Increasing usage of plastic in the automotive industry and is expected to augment the market growth of non-halogenated flame retardants. Plastic has excellent properties such as corrosion resistance, durability, and flexibility and also reduces the overall weight of the automobile, making it fuel-efficient. Hence, the growing adoption of plastic in automobiles will favor the market growth of halogen-free flame retardants over the forecast period.

Additionally, growing health concerns about the usage of halogen-based flame retardants because of the dirty environment are anticipated to propel the growth of the halogen-free flame retardants market going forward. Several regulations are being presented for the growing concerns regarding human health via environmental pollution, which has resulted in the ban of several halogen-based flame retardants worldwide, improving the demand for the halogen-free flame retardants market. For instance, in February 2020, the European Union, a Europe-based supranational political and economic union, supported Regulation (EU) 2019/2021, a set of laws.

As of March 2021, halogenated flame retardants were also restricted from being utilized in plastic sections and stands for electronic displays. Therefore, increasing health concerns regarding halogen-based flame retardants because of the polluted atmosphere drive the halogen-free flame retardants market.

The increasing regulations regarding fire & safety are the key market growth driver. Governments worldwide are focused on preventing fire and explosion-related accidents in offices, enterprises, and public places. This has led to the performance of stringent rules and regulations for enterprises to promote using these retardants. They are utilized in cables, wires, construction products, textiles, automotive components & interiors, paints, insulation materials, and coatings to slow the spread of fires. The guidelines and regulations across various countries have made it mandatory for manufacturers to utilize flame retardants in their products.

This will encourage the growth of the market over the forecast period.

A growing amount of research shows that many of these combinations are linked to adverse health impacts on animals and people. These consist of neurological function, endocrine and thyroid disruption, cancer, and impacting the immune system. Children can be more revealed to the hazardous effects of these chemicals since their brains and other organs are still growing. Children's exposure to flame retardants is raised by hand-to-mouth behavior & proximity to the floor. Researchers found that children have higher levels of flame retardants within their bodies than adults driving the halogen-free flame retardants market revenue.

The Global Halogen-Free Flame Retardants Market Industry is experiencing heightened regulatory scrutiny aimed at reducing the environmental impact of traditional flame retardants. Governments worldwide are implementing stringent regulations that favor halogen-free alternatives due to their lower toxicity and environmental footprint. For instance, the European Union's REACH regulation encourages the use of safer chemicals, which propels the demand for halogen-free solutions. This regulatory landscape is expected to drive the market's growth, as manufacturers seek compliant materials to meet these evolving standards.

Leading market players are financing heavily in research and development to develop their product lines, which will allow the halogen-free flame retardants market to grow even more. Market participants are also undertaking different strategic activities to develop their footprint, with significant market outcomes including new product launches, mergers and acquisitions, higher investments, contractual agreements, and collaboration with other institutions. To expand and survive in a more competitive and growing market climate, the halogen-free flame retardants industry must deliver cost-effective items.

Manufacturing locally to decrease operational costs is one of the major business tactics manufacturers use in the halogen-free flame retardants industry to benefit clients and increase the market sector. Major participants in the halogen-free flame retardants market, including Adeka Corporation, Akzo Nobel, Albemarle Corporation, BASF SE, Celanese Corp, Chemtura Corporation Limited, and others, are attempting to expand market demand by investing in research and development operations.

Lanxess AG is a specialty chemical manufacturing company. It develops, manufactures, and markets chemical intermediates, additives, specialty chemicals and plastics. The company's products find applications in agrochemicals, automotive, construction, aromas and flavors, pharmaceuticals, tire chemicals, electrical, electronics, leather processing and water treatment, among others. It carries out R&D in alliance with institutes and universities. Some of its major brands include Rhenogran, Aktiplast, Aflux, Vulcuren, Perkalink and Rhenoshape among others. The firm operates via a network of manufacturing facilities across the world.

In December 2021, LANXESS, a Germany-based chemical company provider of chemical intermediates, additives, specialty chemicals, and plastics operating in the halogen-free flame retardants market, acquired Emerald Kalama chemical for $1.04 billion. This acquisition will enable LANXESS to expand into new high-margin.

BASF SE is a chemical company. It produces, markets, and sells chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactants, fuel additives, pigments, paints, food additives, fungicides, electronic chemicals, and herbicides. The company serves various industries, such as construction, agriculture, electronics and electrical, furniture and wood, paints and coatings, automotive, home care, nutrition, chemicals, etc. BASF carries out R&D in alliance with consumers, scientists and partners. The firm operates via a network of manufacturing facilities across the world.

In July 2022, BASF and THOR GmbH declared that they are integrating their knowledge in non-halogenated flame-retardant additives to supply their customers with an exhaustive solution that will fuel the sustainability and performance of specific plastic compounds and keep up with stringent fire safety regulations.